Approximately 14 years ago today, on Halloween, Satoshi Nakamoto introduced Bitcoin to the world by sharing the renowned white paper. Satoshi’s invention, shared on metzdowd.com’s Cryptography Mailing List, not only solved a problem that had plagued computer scientists for years, but the invention also redefined how people look at money. Furthermore, as a side effect, Satoshi’s creation spawned a new digital economy with more than 13,000 cryptocurrency assets, worth just over $1 trillion today.
Celebrating the 14th Anniversary of Satoshi’s Bitcoin White Paper
Presently, cryptocurrency and Bitcoin supporters are celebrating the 14th anniversary of Satoshi Nakamoto’s Bitcoin white paper. Bitcoin’s mysterious creator first introduced the white paper on metzdowd.com’s Cryptography Mailing List on Oct. 31, 2008, at approximately 2:10 p.m. (ET). The date marks the first time Satoshi shared the inventor’s vision and the first sentence Bitcoin’s inventor said was:
I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party.
In the message, Bitcoin’s creator said that the invention offers a number of different properties. Bitcoin’s benefits include the prevention of double spending and there is “no mint or other trusted parties,” Satoshi said. The inventor also highlighted how bitcoins are minted via a “Hashcash style proof-of-work.” Satoshi added:
The proof-of-work for new coin generation also powers the network to prevent double-spending.
After introducing the main properties, Satoshi shared the abstract summary of the seminal Bitcoin white paper with a link to bitcoin.org, where the paper was hosted at the time. Satoshi did not communicate with the public again, until four days later, as the inventor published two more emails on Nov. 3, 2008. Both emails were introductions to the Bitcoin white paper, with a summary and URL linking to where the paper could be read. Satoshi wrote a total of 16 emails (some replies to James A. Donald) in 2008 before the network actually launched on Jan. 3, 2009.
‘A Solution to the Byzantine Generals’ Problem’
On Dec. 10, 2008, Satoshi’s last email before the network launched was a welcome post to the…
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